FTR Trader

Jobot; New York (NY); On-site; USD 250,000 - 300,000; Full time

Benefits offered by this job

Base salary

Annual bonus

Growth opportunity

Direct exposure

Cross-desk collaboration

Contribute to new strategies

Job summary

Jobot is seeking an experienced FTR Trader to join its quantitative power trading team in New York. You will research and trade congestion opportunities, develop and refine strategies, and manage risk across ISO/RTO markets.

The role offers close collaboration with traders and analysts and a direct path to mentoring junior members of the team. The position features a base salary of $250,000–$300,000 with an annual discretionary bonus, in a highly quantitative environment focused on strategy

Qualifications

• 2+ years of experience as an FTR Trader or in a closely related congestion/power trading role.
• Strong working knowledge of at least one ISO/RTO.
• Experience with the complete lifecycle of a trading strategy.
• Portfolio and trading risk-management experience.
• Experience with quantitative modeling and programming.
• Strong analytical ability with comfort using probability and statistics to solve trading problems.
• Ability to operate effectively in a fast-moving trading environment.

Responsibilities

• Research and trade FTR and congestion opportunities across one or more ISO/RTO markets.
• Develop, test, implement, and refine quantitative trading strategies.
• Analyze trades, positions, portfolio exposures, market conditions, and new trading opportunities.
• Manage strategy and portfolio risk throughout the full trading lifecycle.
• Apply statistical, probabilistic, modeling, and programming techniques to power-market problems.
• Collaborate with traders and analysts while helping mentor junior members of the FTR team.

Job description

FTR Trader | Quantitative Power Trading | $250K–$300K Base + Bonus

Salary: $250,000 - $300,000 per year

A bit about us:

A highly sophisticated quantitative trading firm is expanding its Financial Transmission Rights trading operation in New York and is looking for an experienced FTR Trader to join the team. This role is built for someone who can contribute immediately across congestion markets while continuing to develop new strategies across multiple ISO/RTOs. You will have exposure to the complete lifecycle of a trading strategy, including research, modeling, implementation, portfolio construction, risk management, and ongoing performance analysis.

You will work alongside experienced FTR traders and analysts while also collaborating with other trading desks across the firm. The environment is highly quantitative and research-driven, with significant emphasis on continually developing better strategies, technology, and trading processes.

Why join us?

• $250,000–$300,000 base salary.
• Annual discretionary bonus.
• Opportunity to join a growing FTR trading operation.
• Direct exposure to experienced traders and quantitative analysts.
• Cross-desk collaboration within a sophisticated proprietary trading environment.
• Significant opportunity to contribute to new trading strategies, technology, and processes.

Job Details

WHAT YOU'LL DO

• Research and trade FTR and congestion opportunities across one or more ISO/RTO markets.
• Develop, test, implement, and refine quantitative trading strategies.
• Analyze trades, positions, portfolio exposures, market conditions, and new trading opportunities.
• Manage strategy and portfolio risk throughout the full trading lifecycle.
• Apply statistical, probabilistic, modeling, and programming techniques to power-market problems.
• Collaborate with traders and analysts while helping mentor junior members of the FTR team.

WHAT WE'RE LOOKING FOR

• 2+ years of experience as an FTR Trader or in a closely related congestion/power trading role.
• Strong working knowledge of at least one ISO/RTO.
• Experience with the complete lifecycle of a trading strategy.
• Portfolio and trading risk-management experience.
• Experience with quantitative modeling and programming.
• Strong analytical ability with comfort using probability and statistics to solve trading problems.
• Ability to operate effectively in a fast-moving trading environment.

Jobot is an Equal Opportunity Employer. We provide an inclusive work environment that celebrates diversity and all qualified candidates receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws. Jobot also prohibits harassment of applicants or employees based on any of these protected categories. It is Jobot’s policy to comply with all applicable federal, state and local laws respecting consideration of unemployment status in making hiring decisions.

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